BEDS18
BATHS16 full
MLS#21137128
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONDallas Land & Loan 02
SCHOOLDallas ISD
Property Description
A rare opportunity to acquire a fully renovated 16-unit condominium portfolio one block from Bishop Avenue, one of Dallas's most active dining and entertainment corridors.The portfolio spans 4 buildings and delivers 9 leased units with in-place income at closing, with the remaining 7 units rent-ready and actively being leased at current market rates. No deferred maintenance. No renovation timeline. The heavy lifting is done.The unit mix includes studios, one-bedroom, and two-bedroom residences, individually metered for utilities with tankless water heaters throughout. The flexible unit mix supports long-term and mid-term rental strategies, with additional uses subject to city guidelines.With stabilized pro forma gross income of $247,200 annually and a location that continues to benefit from Dallas's urban core demand, this portfolio is positioned for an investor seeking immediate cash flow with a clear path to full stabilization.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Other
Heating: Other
Lot Size: 0.12 Acres
Roof Type: Composition, Shingle
Year Built: 1925
Amenities
Eat-in Kitchen
Granite Counters
High Speed Internet Available
Kitchen Island
Multiple Staircases
Open Floorplan
Walk-In Closet(s)
Feature Descriptions
Appliances: Dishwasher, Electric Oven, Refrigerator
Days on Site: 123
Exterior: Brick, Vinyl Siding
Flooring: Laminate
Green Features: Waterheater
HOA Fee: 200/ Monthly
Lot: Corner Lot
Parcel#: 00000255319000000
Parking: Common, No Garage, On Street, Parking Lot, Parking Pad, Paved
Parking Notes: Common, No Garage, On Street, Parking Lot, Parking Pad
Patio/Porch: None
Units: 16
Utilities: City Sewer, City Water, Individual Gas Meter, Individual Water Meter
Local Schools
Elementary School: Reagan
School District: Dallas ISD
Listed By / Shown By
Listed By
Agency Name: Compass RE Texas, LLC
Agency Contact: 432-413-6370
Agent Name: Rachael Gray Smith
Shown By
Agent Name: Becky Shook
Agent Phone: (254) 717-1636
Agency Title: Kelly, Realtors
Estimate Your Payment
Estimated Payment
$ 8,352.18 per month $7,384.43 Principal & Interest $0.00 Property Tax (data not provided by mls) $967.75 Homeowner's Insurance
435 W 9th Street | MLS# 21137128
This multi-family property located at 435 W 9th Street, Dallas, TX 75208 is currently listed for sale with an asking price of $3,318,000. W 9th Street is located within the Dallas ISD school district. Search Dallas real estate on beckyshook.kellyrealtors.com today.